Colton Dillion 🎩 pfp

Colton Dillion 🎩

@cadillion

90 Following
1320 Followers
Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
🚨BREAKING🚨 BinanceFutures just dropped $DEGEN perpetuals starting TODAY! Check out the official announcement for all the details: https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-degenusdt-perpetual-contract-with-up-to-75x-leverage-e25f171ca86342e9b7c160cc1697a090?hl=en&utm_medium=web_share_copy&utm_source=new_share https://x.com/BinanceFutures/status/1857360164615332309
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Daniel Sinclair pfp
Daniel Sinclair
@danielsinclair
Super slick hardware wallet from Arx https://burner.pro/
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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
1/9 GM Degens, it’s been a wild week and y’all have been working hard putting the rates in degenerates following BTC's ATH. We’ve never been so back! Now that we’re unblocked on infra migration, we wanted to throw out a sneak peak of what’s coming next— https://paragraph.xyz/@degentokenbase/get-in-degen
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
Currently transactions are sent in batches of up to 10 MB, so we shouldn't ever be more than 10MB of transactions behind the heaviest block. Creating a dev chat is a good idea, I'll noodle with @jacek on the best venue for that, maybe a farcaster channel
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
Totally agreed, we've been holding off on deploying some big things because of the migration delay, but we're dedicated to making sure there are even more fun things to do on DEGEN in addition to poidh, bountycaster, degenpad, mint club, poster fun, and the rest. Our goal long term is to make everything feel as easy as tipping. Just like leaving a comment
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
The way we think of L3s: Optimized, batteries-included dev experiences for devs who want to go fast The key complaints we hear about developing on L2s: - too expensive to throw out a cheap experiment - hard to get attention of the chain for custom precompiles, oracles, and other features - unsuitable for high volume applications like games, ridesharing, microtransactions, etc DEGEN L3 and its associated services on, eg neynar or dune, are the de facto oracles for farcaster data, and soon a cluster for handling namespaces and payment rails across social networks Running these use-cases economically on Base may be possible during the bear market, but we remember the costs when Base volumes were hot We have a lot of work to do to decentralize the L3 nitro and sequencer, but make no mistake that L2 throughputs and costs are still a far cry from competing with Visa, Uber, or Venmo scale
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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
Update: https://x.com/degentokenbase/status/1854673494388490247
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Jacek.degen.eth 🎩 pfp
Jacek.degen.eth 🎩
@jacek
Just a heads-up: $DEGEN isn’t on Solana—any token popping up there isn’t from our original project. We might look into a bridge from Base to Solana in the future, but that’s not in the cards right now. Stay sharp!
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
Fortunately we've received the appropriate permissions that launching a new chain is no longer the worst-case scenario. We will be able to start up the chain from a recent snapshot stored on Arbitrum Orbit AnyTrust in the worst case.
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
We have received the appropriate permissions to take over the chain, so the worst case scenario is no longer launching a new chain. We will be able to proceed from a snapshot held in Arbitrum Orbit AnyTrust at the very least.
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
Our relationship began with Conduit under a separate contractor After the chain downtime they took the position that our relationship had been terminated through that contractor It seems like a weird position to take because they have a standard SLA and Services Agreement that you accept when signing up on their site
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
We can't speak for Binance, but we don't believe this affects most of the DEGEN in circulation. Listing decisions are up to them.
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
Everything gets posted to Arbitrum Orbit's data availability layer, AnyTrust. We should be able to retrieve the latest snapshot from there at any time
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
Good news is that they have provided the appropriate permissions as of a couple hours ago, so we will be able to restart the chain from a recent snapshot in the worst case. We won't have to launch a new chain.
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
There is a remote possibility that Conduit chooses to stop hosting the chain and doesn't hand over the keys that let us process future transactions. In that case, we will help to relaunch any contracts on a new chain, but we are hopeful that we can avoid this scenario with a speedy and cooperative migration.
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
Thank you for your trust, ser, we will make sure it is not misplaced. DEGEN isn't going anywhere, this is just a speed bump on the way to bigger things.
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
You can for now, but there is a non-zero risk that Conduit chooses to stop supporting the chain or refuses to hand over the upgrade keys. We hope they will work us to expedite the migration and we don't have to relaunch contracts on a new chain.
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
https://warpcast.com/cadillion/0x83d2ecd3
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
I'm sure they will release their own statement at some point, but you can read their post-mortem of the chain downtime here: https://archive.is/j7WWC
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Colton Dillion 🎩 pfp
Colton Dillion 🎩
@cadillion
Of course, we don't blame you if you decide to bridge what you can off the chain in the meantime. We will do our best to make sure you are unaffected, whatever happens.
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